Canada Property Bubble Saw Inventory Tighten It Did That Last Time Prices Fell Too

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The sales to new listings ratio (SNLR) compares home sales to inventory. It gives a read on absorption, helping to give a picture of the inflow of inventory. Lower readings mean inventory is building faster. When this occurs consistently, it applies more pressure for home prices to fall. Higher readings do the opposite, with less inventory building, it means a tighter market. This is when prices tend to rise, as scarcity becomes more apparent.

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